TribLIVE

| Business


 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Study: Global coal appetite to grow until 2018

By The Los Angeles Times
Tuesday, Dec. 17, 2013, 12:01 a.m.
 

Despite serious concerns over environmental impact, appetite for coal around the world will continue to grow through 2018, according to a report from the International Energy Agency.

Efforts in China to rein in coal dependency will push down the pace of growth to 2.3 percent a year, the report said. That's down from yearly growth of 3.4 percent between 2007 and 2012.

“Like it or not, coal is here to stay for a long time to come,” said Maria van der Hoeven, the agency's executive director. “Coal is abundant and geopolitically secure, and coal-fired plants are easily integrated into existing power systems.”

 

 
 


Show commenting policy

Most-Read Business Headlines

  1. Range Resources to pay $4.15M fine, close old gas drilling impoundments
  2. Chevron gets first OK from Pa. sustainable drilling group
  3. Bayer to spin off plastics unit as separate company; employment to remain stable
  4. Home construction plunges more than 14% in August
  5. Post-IPO, Alibaba plans global expansion
  6. Five things you should know about Alibaba’s leadership
  7. Brighter economy drives up holiday hiring plans
  8. Net worth in U.S. reaches record high
  9. UPMC buying New Castle-based Jameson Health System
  10. Mylan CEO Bresch sets sights on growth
  11. Consol, Noble expect at least $325 million from partnership’s IPO
Subscribe today! Click here for our subscription offers.